Rising Swiss inflation will not derail rate cuts, economists say

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Rising Swiss inflation will not derail rate cuts, economists say

ZURICH (Reuters) – Swiss annual inflation in April accelerated faster than expected, data from the Federal Statistics Office showed on Thursday, although economists said they still expected the Swiss National Bank to make further interest rate cuts. Inflation rose to 1.4% in April from 1% in March, outpacing the 1.1% rate forecast by a Reuters poll of economists, strengthening the Swiss franc versus the euro and the dollar. Month-on-month, …